Gautam Adani’s Net Worth Surges ₹299 Crore in a Day After SEBI Clearance
Gautam Adani’s net worth witnessed a significant surge of ₹299 crore in a single day after the Securities and Exchange Board of India (SEBI) cleared Adani Group of the allegations made by Hindenburg Research. This development led to a strong buying spree in Adani Group stocks, resulting in a ₹69,000 crore rise in the market capitalization of Adani Group stocks.
Adani Group Stocks Witness Strong Buying
All Adani shares ended higher on Friday, with Adani Power share price leading the pack, finishing 13.42% higher at ₹416.10 apiece on the NSE. Adani Total Gas share price ended 7.55% higher at ₹652.80 per share on the NSE. Adani Enterprise and Adani Green Energy shares gained over 5%, while shares of Adani Energy Solutions Ltd added close to 5% in the weekend session.
How Did Gautam Adani’s Net Worth Surge by ₹299 Crore?
Gautam Adani is the Founder Chairman of Adani Group and owns Adani Group companies. As the promoter of the Adani Group companies, he owns promoter stakes in Adani Group companies in various direct and indirect capacities. The rise in Adani Group stocks led to an increase in Gautam Adani’s net worth by ₹299 crore in a single day.
In Adani Enterprises Ltd, Gautam Adani, his family members, and his family trust own 67,28,25,211 Adani Enterprises shares, which surged by ₹126 apiece on Friday. This means a rise in Adani Enterprises shares led to Gautam Adani’s net worth by ₹84,77,59,76,586 or ₹8,477.60 crore (₹126 x 67,28,25,211).
Gautam Adani and his companies own 10,64,56,927 ACC shares in ACC Ltd. On Friday, the shares went up by ₹12.90 per share, leading to a rise in Gautam Adani’s net worth by ₹1,37,32,94,358.30 or ₹137.33 crore (₹12.90 x 10,64,56,927).
In Adani Energy Solutions Ltd, Gautam Adani, his family members, and his family trust own 69,92,51,987 Adani Energy Solutions, which went northward by ₹41.35 per share on Friday, leading to a rise in Gautam Adani’s net worth by ₹28,91,40,69,662.45 or ₹2,891.40 crore (₹41.35 x 69,92,51,987).
In Adani Green Energy Ltd, Gautam Adani, his family members, and his family trust own 80,82,47,856 Adani Green Energy shares. These shares surged ₹53.60 per share on Friday, increasing Gautam Adani’s net worth by ₹43,32,20,85,081.60 or ₹4,332.20 crore (₹53.60 x 80,82,47,856).
In Adani Ports and Special Economic Zone Ltd, Gautam Adani, his family members, and his family-owned companies own 92,12,83,955 Adani Ports shares. These shares went up by ₹16.20 per share on Friday, leading to a rise in Gautam Adani’s net worth by ₹14,92,48,00,071 or ₹1,492.48 crore.
In Adani Total Gas Ltd, Gautam Adani, his family members, and his family-owned trusts and companies own 41,13,31,740 Adani Total Gas shares, which rose ₹45.85 per share on Friday. This led to a rise in Gautam Adani’s net worth by ₹18,85,95,60,279 or ₹1,885.95 crore.
In Ambuja Cements Ltd, Adani Group-owned offshore investment companies own 1,66,33,81,052 Ambuja Cements shares, which went up ₹1.80 per share on Friday, leading to a rise in Gautam Adani’s net worth by ₹2,99,40,85,893.60 or ₹299.40 crore.
SEBI Clearance: A Watershed Moment for Adani Group
The rally came just a day after SEBI concluded its investigation, stating that it found no evidence to support the accusations raised by US-based short seller Hindenburg Research in early 2023. Those allegations had erased nearly USD 150 billion in market value across Adani Group stocks at their peak, sparking a global debate on governance, transparency, and political influence. Therefore, the clean chit is seen as a watershed moment for the conglomerate and a significant relief for investors waiting for regulatory clarity before taking fresh positions.
Adani Group companies dominated the top gainers list on the exchanges, and the trading volumes in these counters reflected heightened investor activity. The surge was particularly notable in energy-related stocks, but the impact was broad-based across the group, from its flagship incubator company to its media arm.
For Indian investors, this development is crucial as it provides clarity on the regulatory front and may lead to increased investor confidence in Adani Group stocks. However, it is essential to note that the Indian stock market is subject to various factors, including global market trends, economic indicators, and company-specific news.
Investor Takeaway
The surge in Adani Group stocks after SEBI clearance is a significant development for Indian investors. While the clean chit from SEBI is a positive sign, investors should remain cautious and consider various factors before making investment decisions. It is essential to keep a close eye on company-specific news, industry trends, and regulatory developments to make informed investment choices.
Additionally, investors should consider diversifying their portfolios to minimize risk and maximize returns. A well-diversified portfolio can help investors navigate market volatility and achieve their long-term financial goals.
Conclusion
In conclusion, the surge in Gautam Adani’s net worth by ₹299 crore in a single day after SEBI clearance is a significant development for Indian investors. The clean chit from SEBI is a positive sign, but investors should remain cautious and consider various factors before making investment decisions. By keeping a close eye on company-specific news, industry trends, and regulatory developments, investors can make informed investment choices and achieve their long-term financial goals.
